Baidu’s iQiyi picks BofA, Credit Suisse, Goldman for U.S. IPO: IFR

HONG KONG (Reuters) – Baidu Inc’s iQiyi, a Netflix style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans.

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